Shawbrook Bank has established a team dedicated to processing short term loans.
It is made up of three lending managers and a lending officer and will exclusively manage deals which need a particularly fast turnaround, the lender said.
The STL desk, comprised of Natasha O’Neil, David Humphrey, Donna House and Tina Bartlett, are still seated within the commercial mortgages team, but now specialise in short term loans.
The team will be able to take deals from the enquiry stage, right through to completion. All decisions will be mandated within the team.
Stephen Johnson, managing director of commercial mortgages at Shawbrook Bank, said: “Time is of the essence when it comes to short term loans and brokers need a lender who is extremely responsive and can get deals turned around within a day.
“Our team is made up of specialists who are acutely aware of the needs of brokers working under very tight time constraints. We’re excited about expanding capabilities in this fast-moving market.”